Sunday, August 14, 2022

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OPEC+ keeps oil output boost unchanged for August

 OPEC+ keeps oil output boost unchanged for August

Vienna – Major oil producers led by Saudi Arabia and Russia stuck to a previously decided output boost on Thursday, despite calls for bigger increases to tame crude prices.

In their monthly video conference, OPEC+ agreed to add another 648,000 barrels per day for August, the 23-member group said in a statement.